Ret The Foundational 15 (L07-1, L07-2, LO7-3, L07-4, L07-5) [The following information applies to the questions displayed below) Diego Company manufactures one product that is sold for $76 per unit in two geographic regions--the East and West regions. The following information pertains to the company's first year of operations in which it produced 58,000 units and sold 54,000 units Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year! Fixed manufacturing overhead Fixed selling and administrative expense $ $ $ $1,160,000 $ 640,000 The company sold 40,000 units in the East region and 14,000 units in the West region. It determined that $320,000 of its fixed selling and administrative expense is traceable to the West region, $270,000 is traceable to the East region, and the remaining $50,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product Foundational 7-7 7. What is the amount of the difference between the variable costing and absorption costing net operating incomes (losses)? Answer is not complete Difference of Variable Costing and Absorption Costing Net Operating Income (Losses) Variable costing net operating income (los) $ Add: Fixed manufacturing overhead cost deferred in inventory under absorption costing Absorption costing net operating income (los) $ 80.000 80,000 Required information The Foundational 15 [L07-1, L07-2, L07-3, L07-4, LO7-5) [The following information applies to the questions displayed below) Diego Company manufactures one product that is sold for $76 per unit in two geographic regions--the East and West, regions. The following information pertains to the company's first year of operations in which it produced 58,000 units and sold 54,000 units Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year! Fixed manufacturing overhead Fixed selling and administrative expense $ $ $ $ 23 15 3 3 $1,160,000 $ 640,000 The company sold 40,000 units in the East region and 14,000 units in the West region. It determined that $320,000 of its fixed selling and administrative expense is traceable to the West region, $270,000 is traceable to the East region, and the remaining $50,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product. Foundational 7-8 a. What is the company's break-even point in unit sales? Answer is complete but not entirely correct. Break even point 54.000 units Required information The Foundational 15 [LO7-1, LO7-2, LO7-3, LO7-4, LO7-5) [The following information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $76 per unit in two geographic regions--the East and West regions. The following information pertains to the company's first year of operations in which it produced 58,000 units and sold 54,000 units. of 15 7:52:27 Variable custs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year Fixed manufacturing overhead Fixed selling and administrative expense $ $ $1,160,000 $ 640,000 The company sold 40,000 units in the East region and 14,000 units in the West region. It determined that $320,000 of its fixed selling and administrative expense is traceable to the West region, $270,000 is traceable to the East region, and the remaining $50,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product Foundational 7-9 9. If the sales volumes in the East and West regions had been reversed, what would be the company's overall break-even point in unit sales? Answer is complete but not entirely correct. Break even 51,429 units The Foundational 15 (L07-1, LO7-2, L07-3, L07-4, L07-5) [The following information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $76 per unit in two geographic regions-the East and West regions. The following information pertains to the company's first year of operations in which it produced 58,000 units and sold 54,000 units 5 Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense $ $ $ 23 15 3 3 $1,160,000 $ 640,000 The company sold 40,000 units in the East region and 14,000 units in the West region. It determined that $320,000 of its fixed selling and administrative expense is traceable to the West region, $270,000 is traceable to the East region, and the remaining $50,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product Foundational 7-10 10. What would have been the company's variable costing net operating income (loss) if it had produced and sold 54,000 units? You do not need to perform any calculations to answer this question Answer is complete but not entirely correct. Net operating income $ 58,000 Ret The Foundational 15 (L07-1, L07-2, LO7-3, L07-4, L07-5) [The following information applies to the questions displayed below) Diego Company manufactures one product that is sold for $76 per unit in two geographic regions--the East and West regions. The following information pertains to the company's first year of operations in which it produced 58,000 units and sold 54,000 units Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year! Fixed manufacturing overhead Fixed selling and administrative expense $ $ $ $1,160,000 $ 640,000 The company sold 40,000 units in the East region and 14,000 units in the West region. It determined that $320,000 of its fixed selling and administrative expense is traceable to the West region, $270,000 is traceable to the East region, and the remaining $50,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product Foundational 7-7 7. What is the amount of the difference between the variable costing and absorption costing net operating incomes (losses)? Answer is not complete Difference of Variable Costing and Absorption Costing Net Operating Income (Losses) Variable costing net operating income (los) $ Add: Fixed manufacturing overhead cost deferred in inventory under absorption costing Absorption costing net operating income (los) $ 80.000 80,000 Required information The Foundational 15 [L07-1, L07-2, L07-3, L07-4, LO7-5) [The following information applies to the questions displayed below) Diego Company manufactures one product that is sold for $76 per unit in two geographic regions--the East and West, regions. The following information pertains to the company's first year of operations in which it produced 58,000 units and sold 54,000 units Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year! Fixed manufacturing overhead Fixed selling and administrative expense $ $ $ $ 23 15 3 3 $1,160,000 $ 640,000 The company sold 40,000 units in the East region and 14,000 units in the West region. It determined that $320,000 of its fixed selling and administrative expense is traceable to the West region, $270,000 is traceable to the East region, and the remaining $50,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product. Foundational 7-8 a. What is the company's break-even point in unit sales? Answer is complete but not entirely correct. Break even point 54.000 units Required information The Foundational 15 [LO7-1, LO7-2, LO7-3, LO7-4, LO7-5) [The following information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $76 per unit in two geographic regions--the East and West regions. The following information pertains to the company's first year of operations in which it produced 58,000 units and sold 54,000 units. of 15 7:52:27 Variable custs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year Fixed manufacturing overhead Fixed selling and administrative expense $ $ $1,160,000 $ 640,000 The company sold 40,000 units in the East region and 14,000 units in the West region. It determined that $320,000 of its fixed selling and administrative expense is traceable to the West region, $270,000 is traceable to the East region, and the remaining $50,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product Foundational 7-9 9. If the sales volumes in the East and West regions had been reversed, what would be the company's overall break-even point in unit sales? Answer is complete but not entirely correct. Break even 51,429 units The Foundational 15 (L07-1, LO7-2, L07-3, L07-4, L07-5) [The following information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $76 per unit in two geographic regions-the East and West regions. The following information pertains to the company's first year of operations in which it produced 58,000 units and sold 54,000 units 5 Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense $ $ $ 23 15 3 3 $1,160,000 $ 640,000 The company sold 40,000 units in the East region and 14,000 units in the West region. It determined that $320,000 of its fixed selling and administrative expense is traceable to the West region, $270,000 is traceable to the East region, and the remaining $50,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product Foundational 7-10 10. What would have been the company's variable costing net operating income (loss) if it had produced and sold 54,000 units? You do not need to perform any calculations to answer this question Answer is complete but not entirely correct. Net operating income $ 58,000